GAO Weighs in on Annual COLA Calculations- June 19, 2020
By Ralph R. Smith, Fedsmith
In October of every year, the annual cost of living adjustment (COLA) for the coming January is announced. In 2020, the COLA went up 1.6% for Civil Service Retirement System (CSRS) annuities, Federal Employees Retirement System (FERS) annuities, and Social Security benefits in January 2020.